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PSTG

Pure Storage

$14.04

-0.22 (-1.54%)

16:04
11/30/16
11/30
16:04
11/30/16
16:04

Pure Storage sees Q4 revenue $219M-$227M, consensus $221.13M

Sees Q4 non-GAAP gross margin in the range of 64% to 67%. Sees Q4 non-GAAP operating margin in the range of -9% to -5%.

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PSTG Pure Storage
$14.04

-0.22 (-1.54%)

08/31/16
08/31/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PNC Financial (PNC) upgraded to Outperform from Market Perform at Keefe Bruyette after transferring coverage to analyst Brian Klock. The analyst views the current valuation as attractive and sees opportunity for multiple expansion given PNC's diversified revenue stream. He upped the price target for the shares to $96 from $93. 2. Banco Santander (SAN) upgraded to Buy from Hold at Deutsche Bank, citing strong earnings momentum and an attractive valuation. 3. Pure Storage (PSTG) upgraded to Outperform from Perform at Oppenheimer by analyst Ittai Kidron, who thinks "too much negativism" is priced into the shares at current levels. The analyst believes FlashBlade can more than double Pure's addressable market longer term. Kidron set a $15 price target for the shares. 4. Digital Turbine (APPS) upgraded to Buy from Neutral at Ladenburg Thalmann, as analyst Jon Hickman believes new partner roll-outs in 2017 should improve revenue growth. The analyst raised his price target for the shares to $2.35 from $1.15. 5. Celadon Group (CGI) upgraded to Outperform from Market Perform at Avondale. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/01/16
PACS
09/01/16
NO CHANGE
PACS
Pure Storage has reached attractive entry point, says Pacific Crest
After meeting with Pure Storage's CEO, Pacific Crest analyst Alex Kurtz is more upbeat on the impact of the company's FlashBlade product on its large enterprise sales. The analyst thinks that the company's operating spending should flatten in 4Q17, while its rep yield should continue to expand at that time. Kurtz keeps an Overweight rating.
10/18/16
JPMS
10/18/16
INITIATION
Target $13
JPMS
Neutral
Pure Storage initiated with a Neutral at JPMorgan
JPMorgan analyst Rod Hall started Pure Storage with a Neutral rating and $13 price target. The company's growth prospects are largely captured in consensus estimates, Hall tells investors in a research note.
11/14/16
OTRG
11/14/16
UPGRADE
OTRG
Mixed
Pure Storage upgraded to Mixed from Negative at OTR Global
OTR Global upgraded Pure Storage to Mixed following channel partner checks that indicate improving flash affordability, new products, and growing customer appreciation of its strong flash performance.

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